Other Income and Expense (Tables)

3 Months Ended

Jun. 30, 2021

Other Income and Expense [Abstract]

Other Income and Expense

Other income and expense consisted of the following:

	Three months ended June 30,
	2021			2020
Interest income	$	-		$	0.3
Foreign currency transactions (a)		0.4			0.5
Net periodic benefit cost (b)		(0.2	)		(0.8	)
Total other income – net	$	0.2		$	-

(a) Foreign currency transactions primarily consist of foreign currency transaction gains and losses on the re-measurement or settlement of foreign currency-denominated assets and liabilities, including intercompany loans and transactions denominated in a foreign currency, along with gains and losses on certain foreign currency exchange contracts.

(b) Net periodic benefit cost for the Company’s pension and postretirement plans is exclusive of service cost.